Us. History.
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Hoover quickly showed a willingness to tap the resources of the federal government to address the financial crisis. “He immediately cut taxes and introduced a counter-cyclical program of public works spending, the first of its kind, to stimulate employment and recovery. He bullied the nation’s largest employers into holding off on layoffs—their usual reaction to a downturn—to stabilize the economy and aid recovery, and to continue investing in new plants and equipment."

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